First Funding Blog

They are not the same. The Mortgage Banker’s rate lock with the consumer is a contract between those two parties and it does not involve the secondary market mortgage investor. The Mortgage Banker’s interest rate lock agreement with the secondary market mortgage investor is between those two parties and does not involve the consumer.

About FirstFunding

FirstFunding is a privately held non-depository (non-bank) financial services company offering warehouse lines of credit and state-of-the-art technology for secondary market investor management tools and services.